At the end of its most recently reported quarter, it had the equivalent of nearly $12 billion in cash and short-term investments and, surely, the ability to secure much more through various types of financing. I wrote this article myself, and it expresses my own opinions. I'm unsure what the strategy will be. Takeover Industries Incorporated v. Holley et al Joe Pavlik, LTNC CEO & Takeover Industries President and Chief Science Officer, said, "After review, our executive team has determined that the Trademark does not fit into the long-term plan. A copy of this press release and the definitive acquisition documents will be filed as an exhibit in a Form 8-K, which will be filed with the US Securities and Exchange Commission for the purpose of full and fair disclosure. Apparently, the company will make a play to buy Take-Two if Microsoft succeeds in its determination to acquire Take-Two's fellow video game maker Activision Blizzard. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. The takeover proposal comes after Boustead posted a net loss of 402.3 million ringgit ($89.9 million) for the fourth quarter of 2022, swinging from a net profit of MYR78.6 million a year ago. That's like 3.5%+ on an annualized basis. Takeover Industries, Inc. launched its NXT LVL brand in 2021 with high-profile endorsements that have grown to include boxing legend Manny Pacquiao, UFC champion and Professional Fighter's League. Metavesco assumes that debt. The Labor Smart by-laws will require a shareholder vote to do this deal and the magic Series A Preferred Shares won't be enough per the by-laws and I will not vote any of my personal shares in said vote. By continuing to use our service, you agree to our use of cookies. It's not coming from any sources that can be considered authoritative. The company sup. Beast & Ed Sheeran Are In The Mix. This was an easy decision as the proceeds will support more areas of our functional beverage brand development. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. Takeover Industries, Inc completed the acquisition of Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction on March 1, 2021. Follow me on Twitter here. Address. Mr. Schadel is expected to stay on as an advisor as long as necessary and will continue to manage the Company’s effort in becoming current with OTC Markets. Gravitas II Capital Corp. ("Gravitas II") (TSXV: GII.P) and Parvis Invest Inc. ("Parvis") are pleased to announce that, in connection with their previously announced proposed business combination . But here, TO needs to raise capital and I believe will absolutely need to dilute. But this may not be . I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. Takeover Industries Company Profile: Stock Performance & Earnings In June 2008, Euro-Brazilian beverage company, InBev, made an unsolicited bid for iconic American beer brewer, Anheuser-Busch. ATLANTA, April 16, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially assembled its National Sales Dream Team.Takeover's new National Sales team consists of three accomplished industry veterans with the extensive knowledge, relationships and experience to manage . There has been an early August 8-K update that the deal is on track to close Q4 2022. The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. SEC Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Whoever owns the Series A Preferred Shares (I lost track) will sell them to James Gissona for $1 each and everyone that is a board member or officer of Labor Smart, Inc. subsequently resigns and JG becomes the CEO and Chairman. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. is on the juicy side. The valuation for SJI doesn't look particularly rich even when it's trading with most of its merger premium included. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. 3 High-Growth Stocks That Are Just Getting Started, 3 Stocks at 52-Week Highs Still Worth Buying, 3 Stocks That Could Soar More Than Priceline, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? One of Britain's oldest engineering firms has been sold for 8.1bn to a controversial investment firm. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. I wrote this article myself, and it expresses my own opinions. ATLANTA, May 12, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has entered into a Joint. If the deal breaks, the losses could very well amount to something like $8 to $12 per share. You must click the activation link in order to complete your subscription. We've built a foundation that management believes will deliver rapid growth and high value for our shareholders. However, I quickly discovered why the spread is on the juicy side. Sell Takeover to Metavesco for 1 million MVCO shares. That's not an insignificant amount on a $3 billion market cap utility and comes to $2 of value per share in case of a deal break. InBev offered to buy Anheuser-Busch for $65 . CUMMING, GA / ACCESSWIRE / November 14, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a leading publicly-traded Web3 enterprise, today disclosed it sent the below open letter to the Board of Directors of Labor Smart, Inc. and a Non-Binding Letter of Intent to acquire Takeover Industries, a wholly owned subsidiary of Labor Smart, Inc.The letter of intent contained a non-binding offer . All sign mutual liability releases. MHW: Values-Based Gen-Z Driving Alcohol Trends; E-Comm Could See More M&A, Expo West Preview: Alt-Milk Innovators Build Around Clean Ingredients, Baristas, Expo West 2023: New Products From La Colombe, Sanzo, Machu Picchu and More, Download the BevNET & NOSH Insider Booth Planner for Expo West 2023, Pickle Juice Brings Functional Heat with New Chili Lime Shot, C4 Smart Energy Takes Focus at SXSW 2023 As The Official Energy Drink Brand, CELSIUS Celebrates Launch of New Fantasy Vibe Flavor With Celebrity Oceanfront Event In Malibu, Mela Water to Debut at Natural Products Expo West, Waterloo Launches Two New Flavors and Teams Up With Chef Curtis Stone, GURU Organic Energy Appoints Rajaa Grar as Chief Revenue Officer, Hot Out The Oven! The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. They can take longer than expected and get derailed after you've been holding for quite a while. Conclusion Investor Relations Overview. Less likely Investment banks traditionally help companies raise capital Commercial banks Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc Labor Smart, Inc In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. An energy drink brand intermixed with NFT's. Goldman Sachs advised on $616.7 billion of transactions involving European corporations, according to Securities Data Co. Morgan Stanley is right behind, working on $604 billion of announced . The consensus among analysts is that the intrinsic value of Vision Tech's stock is $27 per share. It is currently one of the company's main operations and a major step to diversify the company's business from its personnel services. The deal, announced live on Twitter via @CRyanSchadel on Sunday February 28, 2021, calls for the issuance of 6.8 billion common shares, RESTRICTED for 12 months, for the acquisition. At South Jersey Industries Inc. , we promise to treat your data with respect and will not share your information with any third party. Utilities are kind of notorious for regulatory intervention. The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. No company that is worth $10+ billion acts in this way. That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. Manny Pacquiao said, NXT LVL Hydrogen Spring Water is my secret weapon for fast recovery & natural increased energy during training.. IIF also indicated that it was able to fund the transaction with equity fully funded by IIF and that IIF would provide the Company with an equity commitment agreement to such effect in connection with the execution of a definitive merger agreement. In the first 100 days, the NXT LVL brand was launched, entered into a unique endorsement and joint venture agreements, and launched three . On May 30, 2019, Harborside Inc. (formerly Lineage Grow Company Ltd.) ("Harborside" or the "Company"), completed its reverse takeover of FLRish, Inc. (d/b/a Harborside) ("FLRish") pursuant to the terms of a merger agreement among the . Please disable your ad-blocker and refresh. The company was founded in 2011 and is based in Powder Springs, Georgia\". Menu icon A vertical stack of three evenly . Takeover Industries, Inc. v. Stanley Barsch et al RSS Track this Docket Docket Report This docket was last retrieved on June 24, 2021. Through this Joint Venture, Labor Smart, Inc., via its wholly owned subsidiary, Takeover Industries Inc., will secure a minority equity stake in Faith Springs LLC, and be granted the exclusive rights to market, sell and promote all hydrogen water products Powered by H2forLife technology via a two-year contract. Mr. Schadel participated in a live Q & A after this announcement, which can be replayed here: I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and). For More Information: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. Harborside Completes Reverse Takeover of Lineage Grow Company Ltd. Learn More. A Euronext spokeswoman declined to comment . ATLANTA, March 01, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC ) (the Company”), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and transitioning into a diversified holding company, has completed the acquisition of Takeover Industries, Inc. Im very confident of our ability to bring new products to market with a long term, research driven, manufacturing partner like Faith Springs. But what about the LTNC shareholders? The entire sales and fulfillment team stays on. Taste Radio: Mr. For more information, visit:www.TakeoverInd.comand www.NXTLVLUSA.com Email:ir@takeoverind.com. Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Team Takeover members launched major brands with top-tier distributors including Pepsi, Budweiser, Coors and Miller Distributors, Whole Foods, and brands such as Sobe, Arizona Iced Tea, Xyience, and Ignite International. Rythian added that three of his "trusted and almost always correct sources" confirmed this. Everyone calls their lawyer and stops all actions against each other. Takeover Industries is an early stage, pre-revenue beverage venture and will become a wholly owned subsidiary of Labor Smart, Inc. Consummation of this transaction will result in a change of control of Labor Smart, Inc. The One With The Umlaut, Harpoon Launches Limited Edition Sticky Bun Stout with Flour Bakery + Caf, Tennessee Brew Works & Turner Hus Brewery Collaborate, Migration to Release Salty Mule Gose for 8th Annual SheBrew Festival. Here is my pitch on why this is the way for LTNC shareholders. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. I'm not here to judge. Takeover Industries, Inc acquired Labor Smart, Inc. (OTCPK : LTNC) in a Thanks for all of your support! By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Takeover Industries Introduces its Veteran Sales Dream Team Metavesco Sends Open Letter, Non-Binding LOI to Takeover Industries LOS ANGELES -- Northrop Grumman Corporation (NYSE: NOC) and Litton Industries Inc. (NYSE: LIT) jointly announced today that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share. Stockhouse membership requires an email address which must be shared by Facebook. Eric Volkman has no position in any of the stocks mentioned. My solution for both is simple in nature so Ill present it here in that way in a stream of consciousness manner. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While this deal is awaiting approval, shareholders also receive dividends at quarterly intervals. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. What happens to your shares in a company takeover? I am not receiving compensation for it (other than from Seeking Alpha). The executive management team has over 100 years of research, manufacturing, sales, marketing, operations, design, and production experience in the beverage industry. Nothing inherently wrong with dilution to grow the business but the market cap is likely to be quite bloated and will fall quickly as new capital gets raised, potentially wiping out equity value of spun out TO shares. Members of Special Situation Report get exclusive access to our model portfolio. Investor Insight Here, POET Technologies: Making the Internet Faster, Pelangio Announces Commencement for their 1,000 meter Diamond Drilling Project, Next level energy: Three Sixty Solar (NEO:VSOL) reports on tower benefits & durability, Adastra Holdings (CSE:XTRX) receives Health Canada approval to produce cocaine, Indigo (TSX:IDG) responds with 'we're not going to take it,' after ransomware attack. June 07, 2021 08:40 ET Takeover Industries Inc (LTNC) What is hydrogen infused water? Huge While the idea of a Sony takeover of Take-Two is certainly enticing for shareholders and intriguing for everyone else, at this point, it's only the thinnest of rumors. IIF also noted it would obtain committed bridge financing in an amount necessary to cover a back-stop of any existing financing arrangements with change-of-control provisions and transaction costs. The hot gossip is that none other than Japanese tech and entertainment giant Sony (SONY 2.88%) is the interested party. Solvay to acquire Cytec Industries Inc. | Solvay The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. This press release contains statements that constitute forward-looking statements. The National Sales Team joins Takeover Industries, Inc. Co-Founders Toby McBride, former IGNITE Beverage CEO, and Mike Holley, former IGNITE Beverage COO, who have built major brands such as. AT&T's WarnerMedia unit and Discovery Inc said on Friday that the two firms have completed the merger. November 13, 2022. On July 22, 2021 CSP named NXT LVL Hydrogen Spring Water as a finalist for Best New Product of the Year. Smash that like button and subscribe to the channel and as always have a good day!Sources:https://www.globenewswire.com/news-release/2021/03/01/2184340/0/en/Labor-SMART-Inc-Completes-Acquisition-of-Takeover-Industries-Inc.html\\https://twitter.com/cryanschadel?s=21Join this channel to get access to perks:https://www.youtube.com/channel/UCcoE3R47xyO1ApE-A3EjZhA/join FOLLOW ME:Instagram: https://www.instagram.com/murphy4848/Twitter: https://twitter.com/LucasMurphy4848EMAIL: lmurphy4811@gmail.comEquipment-Mouse pad-https://amzn.to/3c1dNQxBlue Yeti -https://amzn.to/2WiPYNEUSB Port-https://amzn.to/2YsC66cBeats-https://amzn.to/3b1s4f1Acer Dual Screen-https://amzn.to/3ffkIrxThe Coffee Grind: https://coffeegrindco.com/Use #STOCKGRINDER for 10% off your purchaseRaze Energy: https://reppsports.com/Use promo code LMYC48 and receive 15% off your purchase order!! Why I Believe LTNC Will Be Unsuccessful | Insidher Trading Sell some MVCO, buyback some LTNC, do a reverse merger..really whatever the shareholders decide they want it to be. HOME | Takeover Do not sell my personal infoPrivacy PolicyAssumption of Risk and Waiver of LiabilityContact Us, The ONLY Conference Dedicated to Convenience Category Managers. Takeover Industries, home of NXT LVL on Twitter The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. LTNC : Takeover Industries, stock forecast 2022 - 2025 - 2030 - AI Pickup Service of the Summons and Complaint were executed upon Jane "Chirene" Doe in compliance with Federal Rules of Civil Procedure by substituted service at home address and by also mailing a copy.Original . This will equate to a reverse split of everyone's equity position. Takeover Industries Introduces its Veteran Sales Dream Team 2. Manny Pacquiao & The Manny Pacquiao Foundation Sign - Nasdaq 29455 N Cave Creek Rd. Delayed OTC Markets Rumor of a potential buyout from a big-pocketed strategic investor was inflating the share price of video game company Take-Two Interactive Software (TTWO 1.23%) on Thursday. The non-recurring implementation costs are estimated at 75 million. Vice President of Sales West 954.347.8960 Metavesco Sends Open Letter, Non-Binding LOI to Takeover Industries Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with OTC Markets.com.
Emily Buff Bear Obituary,
Why Is Louis Armstrong Important,
Bold And Beautiful Spoilers Soap She Knows,
Dark Jokes About Pregnancy,
Articles T